BofA on Brink of Burying Countrywide Woes as Accord Near
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Bank of America Corp. is about to learn how much it really paid for its 2008 acquisition of Countrywide Financial Corp: about $70 billion.
The original $2.5 billion price tag swelled as the Charlotte, North Carolina-based company resolved more than a dozen legal disputes with the U.S. government, investors and bond insurers over loans that fueled the financial crisis.